“A “default on our debt” would be unprecedented in American history.”
What PolitiFact found
There have been instances when the U.S. government changed the terms for bondholders, such as preventing them from trading paper holdings directly for precious metals, but experts do not consider these true defaults.
Their words, from the summary they publish with the rating.
In short
Hakeem Jeffries (House Democratic Leader) made this claim around 8 January 2023. PolitiFact (United States) looked into it and published its finding on 11 January 2023, 3 days later. Its rating was “Mostly True”.
Hakeem Jeffries has 9 checked claims in this archive. Fact-checking organisations rated 3 of them false or fake, 5 misleading or mixed and 0 true.
Where the claim appeared
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.